Unitech slips on profit booking

Unitech fell 3.89% to Rs 19.75 at 13:14 IST on BSE on profit booking after the stock rose 8.44% in the preceding four trading sessions to Rs 20.55 on 9 October 2014, from a recent low of Rs 18.95 on 30 September 2014.

Meanwhile, the BSE Sensex was down 173 points, or 0.65%, to 26,464.28.

On BSE, so far 35.16 lakh shares were traded in the counter, compared with an average volume of 83.84 lakh shares in the past one quarter.

The stock hit a high of Rs 20.30 and a low of Rs 19.65 so far during the day. The stock hit a 52-week high of Rs 38.60 on 9 June 2014. The stock hit a 52-week low of Rs 10.86 on 4 March 2014.

The stock had underperformed the market over the past one month till 9 October 2014, falling 9.27% compared with 2.30% fall in the Sensex. The scrip had also underperformed the market in past one quarter, falling 27.39% as against Sensex's 4.69% rise.

The mid-cap company has an equity capital of Rs 523.26 crore. Face value per share is Rs 2.

On a consolidated basis, Unitech's net profit fell 91.2% to Rs 5.56 crore in 165.8% surge in net sales to Rs 1522.13 crore in Q1 June 2014 over Q1 June 2013.

Unitech is a leading real estate developer in India. It offers the most diversified product mix comprising residential, commercial/IT parks, retail, hotels, amusement parks and SEZs.

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